Juneyao Airlines Co.,Ltd. Posted 3 Billion Yuan Net Loss in First Three Quarters of 2022

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net loss of 3 billion yuan in the first three quarters of 2022, widening 6154.7% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 28.9% year-on-year.

At the end of the reporting period, it had 44.2 billion yuan in total assets and 34.2 billion yuan in total liabilities, with a liability-to-asset ratio of 77.4%.